LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 23, 2011 TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB758 by Deuell (Relating to sales and use tax information provided to certain local governmental entities.), As Engrossed No significant fiscal implication to the State is anticipated. This bill would amend Chapters 321, 322, and 323 of the Tax Code, regarding sales and use taxes for municipalities, transportation authorities and counties. The bill would require the Comptroller's Office to provide upon request by local taxing entities information on the amount of tax paid by any person doing business in a local taxing jurisdiction if the person's annual remittance of state and local sales taxes exceeds $5,000. This is a reduction from the current threshold of $25,000. The bill would increase the amount of tax information the Comptroller's Office would be required to release to local taxing entities but would not change the taxes due or policies governing allocations of tax revenue to units of local government, and thus would have no revenue implications. The bill would take effect September 1, 2011. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 23, 2011
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB758 by Deuell (Relating to sales and use tax information provided to certain local governmental entities.), As Engrossed
TO: Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB758 by Deuell (Relating to sales and use tax information provided to certain local governmental entities.), As Engrossed
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB758 by Deuell (Relating to sales and use tax information provided to certain local governmental entities.), As Engrossed
SB758 by Deuell (Relating to sales and use tax information provided to certain local governmental entities.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend Chapters 321, 322, and 323 of the Tax Code, regarding sales and use taxes for municipalities, transportation authorities and counties. The bill would require the Comptroller's Office to provide upon request by local taxing entities information on the amount of tax paid by any person doing business in a local taxing jurisdiction if the person's annual remittance of state and local sales taxes exceeds $5,000. This is a reduction from the current threshold of $25,000. The bill would increase the amount of tax information the Comptroller's Office would be required to release to local taxing entities but would not change the taxes due or policies governing allocations of tax revenue to units of local government, and thus would have no revenue implications. The bill would take effect September 1, 2011.
This bill would amend Chapters 321, 322, and 323 of the Tax Code, regarding sales and use taxes for municipalities, transportation authorities and counties. The bill would require the Comptroller's Office to provide upon request by local taxing entities information on the amount of tax paid by any person doing business in a local taxing jurisdiction if the person's annual remittance of state and local sales taxes exceeds $5,000. This is a reduction from the current threshold of $25,000. The bill would increase the amount of tax information the Comptroller's Office would be required to release to local taxing entities but would not change the taxes due or policies governing allocations of tax revenue to units of local government, and thus would have no revenue implications.
The bill would take effect September 1, 2011.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, KK
JOB, KK